Govt ramps up capacity of the NCLT Benches to boost decision-making

Since inception, close to 62,000 cases came to the NCLT. These include the ones which transferred from board of industrial and financial reconstruction and high courts

The government is ramping up the capacity of the National Company Law Tribunal (NCLT) Benches to boost decision-making and reduce delays.

It will set up dedicated Benches for insolvency and bankruptcy cases and add 40 new positions for NCLT, said Injeti Srinivas, secretary, corporate affairs ministry to the standing committee on finance. 

“When the NCLT was set up, IBC was never in the picture. It was only set up as a company law court. The IBC has now sort of dominated,” Srinivas said. 

Because of the increase in IBC cases, which are getting primacy at the NCLT, company cases are